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Is There Any Financial Planning Available For Disabled Veterans?

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hedgey

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I ask because my DH's therapist is strongly recommending that he consider retirement (before he gets fired for an anger issue-type event). So I'm reading financial planning websites and books, but nobody has information that really applies.

I mean, everything I've been reading talks about the urgency of Long Term Care insurance. Well, do we even need it? We both are in Priority 1 status for VA healthcare, and he gets ChampVA benefits.

It just seems like all the 'brand-name' sources have little or no knowledge of what disabled vets have or deal with.

I tried to follow the link on e-benefits, but got lost.

And if my DH does retire early, what then? :(

I'm sorry, I'm just feeling so confused and anxious. Big changes on the horizon make me want to curl up and disappear.

Let us be kind, one to another, for we are each of us together in our pain.

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I think Carlie gave a very good recommendation with USAA. However, I would add that one chooses a Certified Financial Planner (CFP). Be wary of Insurance Salespeople that tell you they are Financial Planners, they just want to sell you a product to get a commission. You need to take into account your age and your amount of risk you are willing to take. I think a USAA Financial Planner wlould lead you in the right direction. Just keep this in mind, if you are retired, near retirement, or have to retire, you do not want to make any risky investments. You want to keep you money safe at this point in your life.

Papa

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  • HadIt.com Elder

only spend 75% of your incoming at the most every month, when you get 6 months of bill money in CDs or money market account then you can use the extra 25% for stuff like vacations, new computers etc

if you need more advice than that find a professional with my health as bad as it is I don't "plan" anything I have my wife covered financially up until the point she is eligible for SS, now if I could only get the mortgage insurance for the house she would really be set for life

100% SC P&T PTSD 100% CAD 10% Hypertension and A&A = SMC L, SSD
a disabled American veteran certified lol
"A journey of a thousand miles must begin with a single step."

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These are the links I found on ebenefits

Financial Planning

Free Financial Counseling

Information about free financial counseling for beneficiaries of Servicemembers' Group Life Insurance and Veterans' Group Life Insurance policies and TSGLI claimants

Source: Department of Veterans Affairs

Money Mgmt and Financial Counseling

Find useful resources on money management and financial counseling.

Source: National Resource Directory (NRD)

Personal Financial Management

The personal readiness of Service members and their families is a major factor in the overall readiness of the military. Financial stability is a vital aspect of that personal readiness. The complexity of today's financial environment can present challenges to any consumers, but these challenges are further complicated by the mobile lifestyle of the military (frequent moves, deployments, etc.).

Source: MilitaryHOMEFRONT

Tbird
 

Founder HadIt.com Veteran To Veteran LLC - Founded Jan 20, 1997

 

HadIt.com Veteran To Veteran | Community Forum | RallyPointFaceBook | LinkedInAbout Me

 

Time Dedicated to HadIt.com Veterans and my brothers and sisters: 65,700 - 109,500 Hours Over Thirty Years

 

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I am writing my memoirs and would love it if you could help a shipmate out and look at it.

I've had a few challenges, perhaps the same as you. I relate them here to demonstrate that we can learn, overcome, and find purpose in life.

The stories can be harrowing to read; they were challenging to live. Remember that each story taught me something I would need once I found my purpose, and my purpose was and is HadIt.com Veterans.

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